Ranger Bermuda Topco (NASDAQ:KG) Releases Earnings Results

Ranger Bermuda Topco (NASDAQ:KG) announced its earnings results on Friday. The company reported ($0.86) earnings per share (EPS) for the quarter, FiscalAI reports. Ranger Bermuda Topco had a net margin of 91.44% and a negative return on equity of 27.09%. The business had revenue of $6.69 million during the quarter.

Ranger Bermuda Topco Price Performance

KG traded down $0.09 on Friday, hitting $8.82. 24,332 shares of the stock were exchanged, compared to its average volume of 13,062. The firm has a market capitalization of $68.97 million, a price-to-earnings ratio of 0.79 and a beta of 0.70. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.16. Ranger Bermuda Topco has a 12 month low of $8.07 and a 12 month high of $31.61. The company has a 50-day moving average of $10.20.

Hedge Funds Weigh In On Ranger Bermuda Topco

A hedge fund recently bought a new position in Ranger Bermuda Topco stock. Advisory Services Network LLC purchased a new position in shares of Ranger Bermuda Topco Ltd (NASDAQ:KG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,793 shares of the company’s stock, valued at approximately $520,000. Advisory Services Network LLC owned 0.66% of Ranger Bermuda Topco at the end of the most recent quarter. Hedge funds and other institutional investors own 21.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KG. Weiss Ratings upgraded shares of Ranger Bermuda Topco from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Wall Street Zen lowered shares of Ranger Bermuda Topco from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Ranger Bermuda Topco Company Profile

Kestrel Group Ltd specializes in providing fronting services to insurance program managers, MGAs, reinsurers and reinsurance brokers. Kestrel Group Ltd, formerly known as Maiden Holdings Ltd., is based in DALLAS.